Close to half the merchants not willing to pay MDR on UPI: Survey

Almost half of the merchants in the country refused to pay any charges (Minimum Discount Rate) on UPI transactions above Rs 2000, a survey reveals. According to a survey by LocalCircles, 41% of the total merchants surveyed said this. While 9% said they did not accept any UPI payments, 33 % said that they would pay .25% or less.